The advent of Block chain technology has brought key changes in trade models, transaction methods, financial systems and it has ensured full transparency and optimal control in all spheres of life. Reason why, Blockshipping's Global Shared Container Platform (GSCP) is leveraging on its features to solve the problems in an industry that accounts for 60% of all seaborne trades, the container shipping industry.
The extremely valuable industry has been saddled with such issues as:
Complex paper.
Movement for rental and sale of containers.
Congestions.
Obsolete IT systems and procedures susceptible to delays and mistakes.
Low rates
Sluggish and flawed fee gathering technique.
Security threats
Erroneous or inefficient tracking system.
Environmental regulations.
Deficient customer service to shippers etc.
Therefore, using the Blockchain technology, the Global Shared Container Platform (GSCP) poises to make important changes in the global management of containers pointedly more effective hence, solving more of the worlds key problems in the container shipping industry.
WHAT IS GSCP?
GSCP is a global system, set to provide a total blockchain aided container asset registry where the complete global inventory of containers are documented with real time geo tagging of every container wherever in the world.
The GSCP platform goals are:
To become the worlds key registry and operational payments system for the Global Container Fleet.
To achieve over 60% Market coverage with over 16 million container units in the GSCP blockchain registry.
To become the world’s foremost key for managing operational costs clearing between shareholders associated to physical handling, haulage and sharing of containers.
To become the whole shipping industry’s foremost IOT system for real time tracking of containers ensuring real time visibility of containers to all shareholders.
To properly monetize data insights grounded on machine learning. IOT data, AI and Blockchain data etc.
The GSCP ICO
The Block shipping GSCP launches the first shipping related ICO (initial coin offering) in the Nordic region. The GSCP platform issues two tokens
The internal container platform token and
The external revenue share token container crypto coin.
Both are issued on the Ethereum blockchain for the ICO. The internal CPT will be issued by the industry players when utilizing the platform for clearing and settlements of transactions between them and is pegged to the US dollar (USD). These transactions will relate to a variety of services and fees like container exchange fees, terminal and depot handling costs, and fees collected by carriers. It ought be understood that the internal utility token CPT is an abstract representation of the US dollar, that allows users of the platform to avoid making transaction through the USD and be subjected to the hassles of banking platforms and exorbitant financial costs.
REWARDS FOR HOLDING GSCP COIN.
Through the coin, users will be able to;
Deposit or withdraw the USD to and from the platform.
Get incentives when users store their CPTS on the platform to further support the platform.
Interests will be paid to users in form of interests when they loan out CPTs held on the platform to other participants on short term basis.
In the future, intra platform transactions will be allowed instantaneously at lower costs if possible fiat currencies will be allowed.
While the external token acts as a means to raise funds to build and develop extensively the system. For example, acquiring and integrating other companies into the platform. The coin will serve as a;
Revenue share coin: holders will be rewarded with part of growth revenue
Market maker fund: in case of coin fall holders will be refunded. etc.
To cap it all, aside the key features and goals of the GSCP platform, it can help banks cut losses and other fiscal establishments bankrolling container boxes. The CSCP platform will ensure, ownership of container assets is documented in global Fort Knox style blockchain container registry, while change of ownership of containers and custodianship is documented in blockchain smart contracts.
TOKEN INFORMATION
USEFUL LINKS FOR MORE INFORMATION:
Website: https://www.blockshipping.io
Whitepaper: https://blockshipio.wpengine.com/wp-content/uploads/2018/02/Blockshipping_GSCP_ICO_White_Paper_public.pdf
Facebook: https://www.facebook.com/blockshipping/
Bitcointalk thread: https://bitcointalk.org/index.php?topic=3502799.0
Telegram: https://t.me/blockshipping
Author: Adaora
Bitcointalk username: Adaora2323
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2011741;sa=summary!